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rfmcdonaldOver at The Power and The Money, Noel Maurer has a post up ("Who cares about Georgia? Not the markets.") in which he makes a pretty good case that Daniel Drezner's argument that the Russian economy is suffering fallout from the recent Russia-Georgia war, that recent problems stem almost entirely from political decisions made by the Kremlin threatening the security of foreign investments. One exception to this rule might be the economic pressure applied against India and Pakistan in 1999 to prevent an escalation of their military conflicts, but I'll go with Noel's thesis that a globalized economy usually does very little to prevent war or to punish aggressors (in particular, successful aggressors.
The above hypothesis in mind, what conflicts--not necessarily military ones--can you imagine highly globalized countries getting into? Russia and Ukraine is obvious and worrisome, and Colombian-Venezuelan tensions over FARC are well-known, but what other examples can you think of?
The above hypothesis in mind, what conflicts--not necessarily military ones--can you imagine highly globalized countries getting into? Russia and Ukraine is obvious and worrisome, and Colombian-Venezuelan tensions over FARC are well-known, but what other examples can you think of?
